Ethics and Agency Theory: An Introduction
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Oxford University Press (1992)
Agency theory involves what is known as the principal-agent problem, a topic widely discussed in economics, management, and business ethics today. It is a characteristic of nearly all modern business firms that the principals (the owners and shareholders) are not the same people as the agents (the managers who run the firms for the principals). This creates situations in which the goals of the principals may not be the same as the agents--the principals will want growth in profits and stock price, while agents may want growth in salaries and positions in the hierarchy. The fourth volume in the Ruffin Series in Business, this book explores the ethical consequences of agency theory through contributions by ethicists, economists, and management theorists.
|Keywords||Business ethics Executives Professional ethics Corporate culture Agency (Law|
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|Buy the book||$55.90 used $140.66 new Amazon page|
|Call number||HF5387.E825 1992|
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Daniel J. McCarthy, Sheila M. Puffer, Denise R. Dunlap & Alfred M. Jaeger (2012). A Stakeholder Approach to the Ethicality of BRIC-Firm Managers' Use of Favors. Journal of Business Ethics 109 (1):27-38.
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